Tuesday, June 19, 2012

VIX Bollinger Band S&P 500 System

Also today the VIX closed back inside the lower Bollinger Band, per the system rules listed on the chart, this represents a sell signal for SPX.  It doesn't tell you how long the trade will last, sometimes a few days, sometimes a major trade, however historically it's been about 90% accurate.  

Otherwise remember that Bernanke speaks tomorrow and we have a FOMC meeting, what he says could spike the market higher or cause a sell off.

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